Councilmark Asset Management LLC acquired a new stake in Capital One Financial Corporation (NYSE:COF) during the 2nd quarter, Holdings Channel reports. The institutional investor acquired 3,128 shares of the financial services provider’s stock, valued at approximately $628,000.
Several other large investors have also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. boosted its holdings in Capital One Financial by 529.4% in the 4th quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 90 shares in the last quarter. Solstein Capital LLC purchased a new position in shares of Capital One Financial during the 2nd quarter worth approximately $26,000. VSM Wealth Advisory LLC acquired a new stake in shares of Capital One Financial in the 4th quarter valued at approximately $27,000. Cherry Tree Wealth Management LLC boosted its stake in shares of Capital One Financial by 1,312.5% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock valued at $27,000 after buying an additional 105 shares in the last quarter. Finally, Ballast Advisors LLC acquired a new position in Capital One Financial during the first quarter worth $27,000. 89.84% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research firms have commented on COF. Piper Sandler began coverage on Capital One Financial in a report on Monday, June 29th. They issued an “overweight” rating and a $254.00 target price for the company. Barclays decreased their price objective on shares of Capital One Financial from $242.00 to $240.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. HSBC raised shares of Capital One Financial from a “hold” rating to a “buy” rating and increased their target price for the company from $226.00 to $229.00 in a report on Sunday, July 12th. Bank of America lowered their price target on Capital One Financial from $234.00 to $231.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Finally, Deutsche Bank Aktiengesellschaft set a $245.00 price objective on Capital One Financial in a report on Thursday, August 20th. Twenty-one research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $258.91.
Capital One Financial Stock Performance
Capital One Financial stock opened at $216.29 on Wednesday. The firm has a market capitalization of $132.69 billion, a P/E ratio of 13.38, a PEG ratio of 0.79 and a beta of 1.02. The stock has a fifty day moving average price of $209.40 and a 200 day moving average price of $197.91. Capital One Financial Corporation has a 52 week low of $174.24 and a 52 week high of $259.64. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39.
Capital One Financial (NYSE:COF – Get Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.79 by $1.02. The firm had revenue of $15.83 billion for the quarter, compared to analyst estimates of $15.76 billion. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The firm’s quarterly revenue was up 26.9% on a year-over-year basis. During the same period last year, the company earned $5.48 EPS. Equities research analysts anticipate that Capital One Financial Corporation will post 20.29 earnings per share for the current year.
Capital One Financial Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be given a $0.80 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. Capital One Financial’s dividend payout ratio (DPR) is currently 19.80%.
Insider Activity
In other news, insider Lia Dean sold 2,193 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $225.52, for a total transaction of $494,565.36. Following the completion of the sale, the insider directly owned 63,261 shares of the company’s stock, valued at $14,266,620.72. The trade was a 3.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ravi Raghu sold 9,726 shares of the company’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $209.78, for a total value of $2,040,320.28. Following the sale, the insider owned 26,328 shares of the company’s stock, valued at approximately $5,523,087.84. The trade was a 26.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 26,267 shares of company stock valued at $5,617,648 in the last ninety days. 0.78% of the stock is owned by company insiders.
Capital One Financial Profile
Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.
Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.
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